Why wages in India will rise by just 2%

Why wages in India will rise by just 2%

Employees in India can expect to see their pay increase by an average of 11 per cent in 2014, though after factoring in inflation, the rise would be just 2 per cent, according to the latest Salary Trends survey by ECA International.

According to ECA International, a provider of knowledge, information and technology for the management and assignment of employees around the world, factoring in inflation, employees in Asia are likely to receive the biggest average increases in real terms.

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Image: A cup of tea is seen on an office table.Photographs: Stefan Wermuth/Reuters

Why wages in India will rise by just 2%

The biggest salary increases in Asia next year will be given by companies in Pakistan. They are forecasting 13 per cent salary hikes for their staff in 2014 and with a predicted inflation of 8 per cent, employees are also set to receive the second-highest 'real' increases in Asia after China.

Workers in Japan will continue to experience the region's lowest wage increases.

If inflation rises to the 2.9 per cent as predicted by IMF for 2014, they could experience a reduction in their buying power next year.

The survey has forecast the highest pay rise by companies in Venezuela.